Bioelectronics Corp (BIEL)

[misanthrope]

The ins and outs of the daily Reg Sho report, and what it portends, has periodically been discussed on this board. It's significance, or more importantly, its lack thereof, is almost universally misunderstood when it comes to OTC penny and sub-penny stock trading.

There are a number of sites, including SEC and FINRA sites, that are most helpful. The following OTC Markets blog is very good:

https://blog.otcmarkets.com/2023/05/08/what-investors-should-know-about-finra-daily-short-sale-volume-data/

It includes the following:

As a result, a stock that has little directional short selling and healthy bona fide market maker buying and selling will potentially show large Daily Short Volumes. Well intended folks may point to the Short Sale Daily Volume File data without understanding how trades are processed by market makers and reported and may end up misleading investors as to the actual magnitude of genuine short selling and where it is coming from.

There is a lot more that gets lost, and misinterpreted, around the daily Reg Sho, which provides about zero prima facie information relative to a sub-penny stock. It's virtually useless as a single indicator of any kind of shorting as is commonly understood in the markets.